The U.S. Small Business Administration is offering low-interest federal disaster loans for working capital to Texas small businesses suffering substantial economic injury as a result of the Coronavirus (COVID-19), SBA Administrator Jovita Carranza announced today. SBA acted under its own authority, as provided by the Coronavirus Preparedness and Response Supplemental Appropriations Act that was recently signed by the President, to declare a disaster following a request received from Gov. Greg Abbott on March 17, 2020.
The disaster declaration makes SBA assistance available in the entire state of Texas and the neighboring counties.
Read the entire news release (PDF) from the SBA here.